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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net operating revenue $ 32,234 $ 30,261 $ 60,243 $ 56,416
Station operating expense 23,140 21,426 46,537 42,766
Corporate general and administrative 2,848 2,880 5,392 5,743
Other operating expense (income), net 213 79 (38) 58
Operating income from continuing operations 6,033 5,876 8,352 7,849
Interest expense 255 229 474 437
Other income (188) 0 (277) 0
Income from continuing operations before income tax expense 5,966 5,647 8,155 7,412
Income tax expense 1,795 2,272 2,455 2,990
Income from continuing operations, net of tax 4,171 3,375 5,700 4,422
Income from discontinued operations, net of tax (Note 6) 0 1,159 0 2,050
Net income $ 4,171 $ 4,534 $ 5,700 $ 6,472
Basic Earnings per share:        
From continuing operations $ 0.70 $ 0.57 $ 0.96 $ 0.75
From discontinued operations 0 0.20 0 0.35
Basic earnings per share $ 0.70 $ 0.77 $ 0.96 $ 1.10
Weighted average common shares 5,834 5,803 5,838 5,796
Diluted Earnings per share:        
From continuing operations $ 0.70 $ 0.57 $ 0.96 $ 0.75
From discontinued operations 0 0.20 0 0.35
Diluted earnings per share $ 0.70 $ 0.77 $ 0.96 $ 1.10
Weighted average common and common equivalent shares 5,834 5,806 5,838 5,804
Dividends declared per share $ 0.30 $ 0.30 $ 0.60 $ 0.60